Summit Global Investments Acquires Shares of 15,774 Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

Summit Global Investments bought a new position in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) in the 4th quarter, Holdings Channel.com reports. The firm bought 15,774 shares of the company’s stock, valued at approximately $148,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets grew its position in Caledonia Mining by 358.2% during the third quarter. BNP Paribas Financial Markets now owns 17,500 shares of the company’s stock worth $262,000 after buying an additional 13,681 shares during the period. Globeflex Capital L P purchased a new stake in shares of Caledonia Mining during the 4th quarter worth approximately $436,000. Barclays PLC grew its holdings in shares of Caledonia Mining by 62.0% in the 3rd quarter. Barclays PLC now owns 39,892 shares of the company’s stock worth $596,000 after acquiring an additional 15,269 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Caledonia Mining by 7.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 40,734 shares of the company’s stock valued at $609,000 after purchasing an additional 2,717 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in Caledonia Mining by 112.0% during the fourth quarter. Los Angeles Capital Management LLC now owns 71,394 shares of the company’s stock worth $672,000 after purchasing an additional 37,724 shares during the last quarter. 31.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Maxim Group raised Caledonia Mining to a “strong-buy” rating in a research note on Friday, January 3rd.

Caledonia Mining Price Performance

Shares of CMCL opened at $11.25 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.89 and a current ratio of 1.44. Caledonia Mining Co. Plc has a 1-year low of $8.81 and a 1-year high of $16.95. The stock has a market cap of $216.23 million, a PE ratio of 23.44 and a beta of 0.68. The stock’s 50 day simple moving average is $10.15.

Caledonia Mining Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be issued a $0.14 dividend. The ex-dividend date is Friday, April 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.98%. Caledonia Mining’s dividend payout ratio (DPR) is 116.67%.

Caledonia Mining Profile

Caledonia Mining Corporation Plc primarily operates a gold mine. It also engages in the exploration and development of mineral properties for precious metals. The company holds a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interests in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; the Bilboes, a gold deposit located to the north of Bulawayo, Zimbabwe; and the Motapa, a gold exploration property located in Southern Zimbabwe.